Research and development seminar proves popular with Harborough businesses




Research and development seminar proves popular with Harborough businesses

(left to right) Stephen Jones, Richard Cullum and Adrian Fisher speaking at the seminar.

A seminar to help local businesses learn about research and development tax credits held at the Harborough Innovation Centre earlier this week was ‘a great success’ according to organisers. The event, which is part of the Innovation Centre’s ‘Spark’ initiative, demonstrated how companies are able to claim thousands of pounds in R&D tax credits.

The seminar was organised by Harborough based R&T Consultants and included a presentation by Alan Bamford, Esq, HMRC Inspector of Taxes and Richard J. Cullum, Managing Partner of R&T Consultants.

“The seminar discussed what R&D tax credits companies could claim and how to go about it,” explains Richard. “Most people agree that new technology is vital if we want to grow the UK economy. Yet so many smaller businesses don’t claim the funding that they are entitled to.”

The government’s definition of research and development is very broad and it is estimated that £ tens of millions are unclaimed in tax credits by smaller companies.  Research and development takes place in a variety of industries, from water innovation to computer technology. Unfortunately, many smaller companies believe that only large companies are able to make a claim. The event at the Innovation Centre clearly defined who was entitled to claim.

R&T Consultants (www.rt-consultants.co.uk) help companies across Leicestershire and the East Midlands to claim back R&D tax credits. As former accountants, they have the in-house expertise required to assist companies in receiving their maximum tax credit entitlement which can then be reinvested in future developments for their businesses.

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